Price for Ties, Bow Ties and Cravats; of Man-Made Fibres (Not Knitted or Crocheted) in Luxembourg - 2024

Contents:

  1. Price for Ties, Bow Ties and Cravats; of Man-Made Fibres (Not Knitted or Crocheted) in Luxembourg (CIF) - 2022
  2. Price for Ties, Bow Ties and Cravats; of Man-Made Fibres (Not Knitted or Crocheted) in Luxembourg (FOB) - 2022
  3. Imports of Ties, Bow Ties and Cravats; of Man-Made Fibres (Not Knitted or Crocheted) in Luxembourg
  4. Exports of Ties, Bow Ties and Cravats; of Man-Made Fibres (Not Knitted or Crocheted) in Luxembourg

Price for Ties, Bow Ties and Cravats; of Man-Made Fibres (Not Knitted or Crocheted) in Luxembourg (CIF) - 2022

The average import price for ties, bow ties and cravats; of man-made fibres (not knitted or crocheted)s stood at $4.6 per unit in 2022, surging by 42% against the previous year. Overall, the import price, however, continues to indicate a mild downturn. The import price peaked at $5.6 per unit in 2013; however, from 2014 to 2022, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Italy ($25 per unit), while the price for Belgium ($3.3 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Italy (+16.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Ties, Bow Ties and Cravats; of Man-Made Fibres (Not Knitted or Crocheted) in Luxembourg (FOB) - 2022

In 2022, the average export price for ties, bow ties and cravats; of man-made fibres (not knitted or crocheted)s amounted to $12 per unit, jumping by 58% against the previous year. In general, the export price enjoyed a resilient increase. The most prominent rate of growth was recorded in 2020 when the average export price increased by 125% against the previous year. Over the period under review, the average export prices hit record highs in 2022 and is likely to continue growth in the immediate term.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Qatar ($106 per unit), while the average price for exports to Belgium ($7.6 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Qatar (+186.1%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Ties, Bow Ties and Cravats; of Man-Made Fibres (Not Knitted or Crocheted) in Luxembourg

In 2022, purchases abroad of ties, bow ties and cravats; of man-made fibres (not knitted or crocheted)s was finally on the rise to reach 12K units for the first time since 2019, thus ending a two-year declining trend. Over the period under review, imports, however, faced a precipitous curtailment. Over the period under review, imports of hit record highs at 25K units in 2019; however, from 2020 to 2022, imports failed to regain momentum.

In value terms, imports of ties, bow ties and cravats; of man-made fibres (not knitted or crocheted)s skyrocketed to $57K in 2022. Overall, imports, however, faced a sharp reduction. Over the period under review, imports of hit record highs at $118K in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

Import of Ties, Bow Ties and Cravats; of Man-Made Fibres (Not Knitted or Crocheted) in Luxembourg (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Netherlands4.27.05.617.059.4%
Belgium36.936.39.615.3-25.4%
Germany13.019.46.513.51.3%
France10.75.81.93.4-31.8%
Italy7.70.52.52.8-28.6%
United Kingdom0.30.60.11.778.3%
Spain3.00.80.51.1-28.4%
China29.8N/A1.20.2-81.1%
Others12.20.60.61.6-49.2%
Total11871.128.456.7-21.7%

Top Suppliers of Ties, Bow Ties and Cravats; of Man-Made Fibres (Not Knitted or Crocheted) to Luxembourg in 2022:

  1. Belgium (4.6K units)
  2. Netherlands (4.3K units)
  3. Germany (1.6K units)
  4. France (0.8K units)
  5. Spain (0.3K units)
  6. United Kingdom (0.2K units)
  7. Italy (0.1K units)

Exports of Ties, Bow Ties and Cravats; of Man-Made Fibres (Not Knitted or Crocheted) in Luxembourg

Exports of ties, bow ties and cravats; of man-made fibres (not knitted or crocheted)s from Luxembourg contracted notably to 254 units in 2022, waning by -50.7% on 2021. In general, exports recorded a dramatic descent. The smallest decline of -27.5% was in 2020. The exports peaked at 2.4K units in 2019; however, from 2020 to 2022, the exports remained at a lower figure.

In value terms, exports of ties, bow ties and cravats; of man-made fibres (not knitted or crocheted)s dropped rapidly to $3.1K in 2022. Over the period under review, exports faced a dramatic contraction. The pace of growth appeared the most rapid in 2020 when exports increased by 63% against the previous year. As a result, the exports attained the peak of $18K. From 2021 to 2022, the growth of the exports of remained at a somewhat lower figure.

Export of Ties, Bow Ties and Cravats; of Man-Made Fibres (Not Knitted or Crocheted) in Luxembourg (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Belgium1.73.81.50.9-19.1%
IndiaN/A0.20.50.8100.0%
Qatar0.10.6N/A0.571.0%
Switzerland0.20.2N/A0.426.0%
United KingdomN/A0.1N/A0.241.4%
Hong Kong SAR6.3N/A0.7N/A-66.7%
Germany1.75.00.7N/A-35.8%
China0.5N/AN/AN/A0%
ItalyN/A5.30.1N/A-98.1%
Others0.63.10.40.2-30.7%
Total11.218.24.03.1-34.8%

Top Export Markets for Ties, Bow Ties and Cravats; of Man-Made Fibres (Not Knitted or Crocheted) from Luxembourg in 2022:

  1. Belgium (124.0 units)
  2. India (72.0 units)
  3. United Kingdom (24.0 units)
  4. Switzerland (18.0 units)
  5. Qatar (5.0 units)
  6. Italy (3.0 units)
  7. Germany (3.0 units)

Source: IndexBox Market Intelligence Platform

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